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Monday, 06/21/2010 10:08:13 AM

Monday, June 21, 2010 10:08:13 AM

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Zinc rises 4.6%, Copper Gains Most in a Month in London on China Yuan Signal: LME Preview
By Chanyaporn Chanjaroen - Jun 21,

Copper advanced the most in a month in London as China signaled an end to its currency’s fixed rate to the dollar, boosting speculation a stronger yuan may increase imports of industrial metals into the world’s largest consumer.

-- Copper added 4.1 percent to $6,700 a metric ton on the London
Metal Exchange at 7:54 a.m. Relative Strength Index 50.6.
-- Aluminum gained 3.7 percent to $2,015.75 a ton. RSI 50.1.
-- Zinc rose 4.6 percent at $1,810 a ton. RSI 45.8.
-- Lead jumped 3.7 percent at $1,810 a ton. RSI 51.4.
-- Nickel advanced 3.6 percent to $20,300 a ton. RSI 48.
-- Tin climbed 3.2 percent at $18,000 a ton. RSI 57.7.

Other markets: Last % Change % YTD
U.S. Dollar Index 85.119 -0.7 9.3
Crude oil $78.87 2.2 -0.6
Gold $1,260.88 0.3 15
MSCI World Index 1,122.28 0.6 -4


http://www.bloomberg.com/news/2010-06-21/copper-gains-most-in-a-month-in-london-on-china-yuan-signal-lme-preview.html

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